Valero (VLO) (DFS) (SCHW) (ESL) (HRB) (FL) (FNSR) EPS Estimates Changed

Valero Energy Co. (NYSE: VLO), Discover Financial Services (NYSE: DFS), Charles Schwab (NASDAQ: SCHW), Esterline Technologies Co. (NYSE: ESL), H&R Block, Inc. (NYSE: HRB), Foot Locker (NYSE: FL) and Finisar (NASDAQ: FNSR) EPS estimates adjusted by analysts.

Morgan Stanley (NYSE:MS) raised its EPS estimates on Valero Energy Co. (VLO). TheY have an “Equal Weight” rating and a price target of $29.00 on the company.

Credit Suisse (NYSE:CS) boosted its EPS estimates on Discover Financial Services (DFS). They have a “Neutral” rating and a price target of $28.00 on the company.

Goldman Sachs (NYSE:GS) increased its EPS estimates on Charles Schwab (SCHW). They have a “Neutral” rating and a price target of $14.00 on the company.

Credit Suisse lowered its EPS estimates on Esterline Technologies Co. (ESL). They have an “Outperform” rating and a price target of $87.00 on the company.

Oppenheimer cut its EPS estimates on H&R Block, Inc. (HRB). They have a “Market Perform” rating on the company.

UBS AG (NYSE:UBS) raised its EPS estimates on Foot Locker (FL). They have a “Neutral” rating and a price target of $22.00 on the company.

Morgan Stanley raised its EPS estimates on Finisar (FNSR). They have an “Overweight” rating and a price target of $22.00 on the company.

Big Movers (ISRG) (ESL) (NFX) (FMX) (AG) on May 6

Among the big, positive movers on Friday, May 6, were Intuitive Surgical (ISRG), Esterline Technologies (ESL), Newfield Exploration (NFX), Fomento Economico (FMX) and First Majestic Silver (AG).

Intuitive Surgical (ISRG) jumped $1.44, to close at $348.38, a gain of 0.42 percent.

Esterline Technologies (ESL) was up $1.43 on the day to close at $72.61, a gain of 2.01 percent.

Newfield Exploration (NFX) climbed $1.42 to close at $67.60, a gain of 2.15 percent.

Fomento Economico (FMX) rose $1.41 to close the session at $61.89, a gain of 2.33 percent.

First Majestic Silver (AG) was up $1.41 to end the day at $18.24, a gain of 8.38 percent.

Coverage on (PNNT) (ZUMZ) (ESL) (TRW) (AGU) Initiated by Analysts

PennantPark Investment (NASDAQ:PNNT), Zumiez Inc. (NASDAQ:ZUMZ), Esterline Technologies (NYSE:ESL), TRW Automotive (NYSE:TRW) and Agrium Inc. (NYSE:AGU) had coverage initiated on them by analysts.

FBR Capital Markets initiated coverage on PennantPark Investment (PNNT), starting them off with an "Outperform" rating. They placed a price target of $14 on the company.

Janney Montgomery Scott initiated coverage on Zumiez Inc. (ZUMZ), starting them off with a "Buy" rating. They placed a price target on the company of $33.

Credit Suisse (NYSE:CS) initiated coverage on Esterline Technologies (ESL), starting them off with an "Outperform" rating. They placed a price target of $81 on the company.

Deutsche Bank (NYSE:DB) initiated coverage on TRW Automotive (TRW), starting them off with a "Buy" rating. They placed a price target of $72 on the company.

Credit Suisse (NYSE:CS) initiated coverage on Agrium Inc. (AGU), starting them off with a "Neutral" rating. They lowered their price target from $111 to $108 on the company.

Esterline Tech (NYSE:ESL) EPS Estimates Raised on Improved Margins

With the margin outlook of Esterline Tech (NYSE:ESL) looking like it's going to improve, UBS (NYSE:UBS) raised their EPS estimates on the company.

UBS says, "We are raising our EPS estimates for ESL to reflect an improved margin outlook following productivity improvements in late FY10 along with accretion from its recent Eclipse acquisition. Our estimates move up by 11% on average to $4.60 in 2011E (from $4.20), $5.25 in 2012E (from $4.70) and $5.50 in 2013E (from $4.95).

"We don’t view valuation as particularly attractive trading at 15x our new 2011 EPS estimate, while we see ESL’s EPS growth as likely to slow. With roughly 45% of revs exposed to defense and another 15% from other non-aero markets, we think ESL’s top line growth will lag peers with more aerospace leverage, while further margin expansion could be difficult as all three segments are already at peak levels."

UBS reiterates their "Neutral" rating on on Esterline Tech (ESL), which closed Thursday at $70.21, falling $0.49, or 0.69 percent. UBS boosted their price target on Esterline from $60 to $72.